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KARAKAS

152

Strategy Philosophy and Objective

This strategy is a high-probability Mean Reversion system. It is based on the principle that markets behave like a stretched rubber band: when the price moves too far away from its average value (the band is stretched), it has a high tendency to eventually snap back towards its mean.

The objective of this strategy is to identify these moments of "extreme extension" and to capture the highest probability move as the price reverts to its average. Rather than acting hastily, it employs a multi-layered confirmation system to trade only on the highest quality signals.

Strategy Profile
Strategy Name: Final Optimized Strategy [v6]

Type: Mean Reversion

Recommended Timeframe: Developed on M15 (15-Minute).

Suitable Markets: High-volume, volatile assets. Ideal for Indices (US100, S&P500), Major Forex Pairs (EUR/USD, GBP/USD), and Commodities (Gold).

Core Tools:

Bollinger Bands: Period: 20, Standard Deviation: 2.2

RSI (Relative Strength Index): Period: 14, Overbought/Oversold Levels: 75 / 25

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

gokosbaba
Moving AveragesmultitimeframePine utilities

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Moving AveragesmultitimeframePine utilities

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

gokosbaba

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.